newsletter cs rajiv bajaj-7th january,2015
TRANSCRIPT
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THOUGHT OF THE DAY
“Work hard in silence; Let success make the noise…!”
Law Updates:
RBI issued Notification ref RBI/2014-15/387 A.P. (DIR Series) Circular
No. 56 dated January 6, 2015 To All Authorised Dealer Category - I Banks
regarding Non-resident guarantee for non-fund based facilities entered
between two resident entities.
Vide Notification issued by RBI, ref RBI//2014-15/388 A.P. (DIR Series)
Circular No.57 dated January 06, 2015, clarifications regarding Exim
Bank's Line of Credit of USD 144 million to the Government of the
Republic of Liberia.
Public Notice 80 / (RE-2013)/2009-2014 Dated the 06 January, 2015
issued by DGFT regarding Online IEC applications: Postponement of the
date of operationalisation of Public Notice No. 76 dated the 27th of
November, 2014.
DoT is believed to have sought a for 15-yr tax holiday for domestic mobile
manufacturing, lower VAT tax of four to five per cent compared to 8.8-15
per cent VAT levied across the country. The department has sought
extension of section 35 AD of Income Tax Act on mobile phone, tablets and
their accessories producers which allows 150 per cent deduction of capital
investments for calculating tax.
In its worst ever crash in over six years, benchmark Sensex today tanked
855 points as stock markets globally went into a tailspin amid political
turmoil in Greece and oil price cracking below USD 50-mark.
PROFESSIONALS INPUTS:
SEBI brings out a discussion paper to ban willful defaulters from issuing
equity shares and debt securities.
Govt. releases chart indicating sector-specific FDI policy for industrial and
other sectors.
Govt. permits 100% FDI via automatic in manufacturing of medical devices
MARKET WATCH:
SENSEX: 26856.22 -131.24 NIFTY: 8091.30 -36.05
SILVER:38040.00 1014.00 GOLD (MCX): 27300.00 -94.00
USD/INR: 63.43 -0.15 CRUDE OIL: 3067.00 -148.00
CS Rajiv Bajaj
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Date: 7th January, 2015
www.csrajivbajaj.com
Dharam Pal Agarwal
flanked by his sons Vineet & Chander,
TCI
“Continuous Focus On Qualitative And Value Added Services, Led By Innovation and A
Customer Centric Approach Has Made TCI One Of India’s Leading Logistics And Supply Chain
Solutions Provider.”
Brief History:
Another inspiring story of Indian entrepreneurship. Started as a one office, one truck, one man enterprise, TCI
Group, is India's leading integrated supply chain and logistics solutions provider. Over the years TCI has
become a comprehensive service provider and has grown to a group of Rs. 2000 crore. It was founded by
Prabhu Dayal Agarwal in 1958 and he implemented good vision to make goods reach remotest corners of India.
He executed his mission and passion to the society and also started TCI Foundation to manage schools,
dispensaries, health and disaster relief assistance. TCI today owns & operates an extensive network of over 7000
trucks and trailers and possesses 6 cargo ships. The company has a pan India and global footprint with over
1000+ branches, 5000+ employees, 9.1 mn sq ft of warehousing space. It moves 2.5% of India’s GDP by value
and extends across 99.45% of India’s GDP region coverage. TCI embarked on a path breaking journey and has
continued on the growth path adding contemporary diversifications and value added services. TCI was the first
company to offer holistic logistics services and grew on to become a single window solutions provider for all
logistics needs, domestically and globally.
Prabhu Dayal’s 2nd and 3rd generations of Dharam Pal Agarwal, Vineet, Chander are proactively taking TCI to
the next level of International Standards. With the passing years, it has forayed in to various divisions like TCI
Freight, TCI Express, TCI Supply Chain Solutions, TCI Global, TCI Seaways and TCI Developers Ltd. With its
customer centric approach, world class resources and professional management, the group follows strong
corporate governance and is committed to value creation for its stakeholders and society.
Success Mantras:
• Focus on value creation for all stake holders
• Execute your Mission with Passion
• Acquire world class resources